“Funeral price inflation, coupled with the continued squeeze on household finances, is posing a challenge in the over-50s market. Guaranteed acceptance plans offering increasing premiums can help mitigate the uncertainty over the real value of policyholders’ future payouts. However, the key demographic faces the risk of not being able to afford to pay rising premiums, leading to a loss in cover and potentially negative publicity for the industry.”
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Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Market
Market
Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.
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Market Size and Forecast
Channels to Market
Consumer
Consumer
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
Life Insurance Product Ownership
Life Cover Purchase Triggers
Factors Influencing Choice of Life Insurance Plan
Reasons for Not Having Life Insurance
Consumer Awareness of Funeral Costs
Financial Planning for Funeral Costs
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Brand/Company
Our brand research provides data and informed analysis across a number of consumer metrics including usage, satisfaction, recommendation, momentum and trust. It also explores consumer attitudes towards brands and examines the reasons behind these.
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Data
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Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
Appendix – Market Size and Forecast
Appendix – Channels to Market
Appendix – Life Insurance Product Ownership
Appendix – Life Cover Purchase Triggers
Appendix – Factors Influencing Choice of Insurance Plan
Appendix – Reasons for Not Having Life Insurance
Appendix – Consumer Awareness of Funeral Costs
Appendix – Financial Planning for Funeral Costs
19th March 2015
“The pressures associated with a soft insurance market are being exacerbated by new regulatory requirements, prompting a wave of mergers and acquisitions in the insurance sector. Whilst these transactions may result in positive outcomes for the providers in question they could have a negative impact on consumer outcomes. If it ... 
17th December 2014
“Aviva’s takeover of Friends Life is the largest proposed insurer merger since the financial crash. It will create a company with 16 million existing UK customers and a brand so strong that it should draw in new customers. As the market moves from an intermediated to a direct-to-consumer model, that ...
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Over-50s product reputation harmed by perceived poor value for money
